Listed by Windermere Prof Partners, Bought with Real Broker LLC
NOT LISTED FOR SALE

8020 35th St W University Place, WA 98466

Estimated Value: $604,000 - $678,000

4 Beds
2 Baths
1,692 Sq Ft
$382/Sq Ft Est. Value

Last Sold August 23, 2021

Last sale price $585,000 $346 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,985/month

6 Days on Market

Highlights

  • Corner Lot
  • Partially Fenced Property
  • 1-Story Property
  • Evergreen Primary School Rated A

About This Home

As of August 2021

Well cared for duplex just outside the heart of University Place. Perfect investment opportunity, as rents have been low for years and could be taken up to market. Each side is 2 bd/1 bath at 846 sqft. Cabinets, appliances, and interior flooring replaced in 2015. New siding, windows, and doors & exterior paint in 2015. New roof summer of 2019. Each unit has their own 1 car garage, & there is an additional detached garage behind the duplex on the same parcel that has been rented out in the past.

Last Agent to Sell the Property

Colton Robinson

Windermere Prof Partners License #20108487 Listed on: 07/15/2021

Windermere Prof Partners

Co-Listed By

Michael Robinson

Windermere Prof Partners License #18503

Last Buyer's Agent

Karay Masin

Real Broker LLC License #129224

Real Broker LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1808490

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,902

Year Built

  • Built in 1973

Lot Details

  • 0.33 Acre Lot
  • Lot Dimensions are 98x134
  • Partially Fenced Property
  • Corner Lot

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 1,692 Sq Ft Home
  • 1-Story Property
  • Laminate Flooring

Parking

  • 2 Parking Spaces
  • 2 Covered Spaces

Utilities

  • Cable TV Available

Community Details

  • University Place Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0220152104

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,902

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1973
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1692
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, See Remarks
  • Interior Amenities: Forced Air, Laminate Tile
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Corner Lot, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking: No
  • Total Parking Spaces: 2
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Natural Gas Available, Sewer Connected, Electric, Natural Gas Connected
  • PowerCompany: Tacoma Public Utilities
  • SewerCompany: Pierce County
  • WaterCompany: Tacoma Public Utilities
  • WaterSewerGarbage: 800

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: University Place
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 0220152104
  • Lot Size Acres: 0.3329
  • Lot Size: 98x134
  • Lot Size Sq Ft: 14500
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially,Gas Available
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 16
  • LeasedItems: None
  • TotalMonthlyIncome: 2900

Multi Family

  • Gross Scheduled Income: 34800
  • Net Operating Income: 26810
  • Number Of Units Total: 2
  • Insurance Expense: 1288
  • Leasable Area: 1692
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2021
  • Tax Annual Amount: 5902

MLS Schools

  • Elementary School: Buyer To Verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2021
Closed on
Aug 20, 2021
Sold by
James J Doane Holding Llc
Bought by
Mullen Daniel Salter and Mullen Julie
Seller's Agent
Colton Robinson
Windermere Prof Partners
Buyer's Agent
Karay Masin
Real Broker LLC
List Price
$565,000
Sold Price
$585,000
Premium/Discount to List
$20,000
3.54%
Current Estimated Value
$646,051

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,051
Avg. Annual Appreciation
3.38%
Original Mortgage
$438,750
Outstanding Balance
$399,820
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$270,498

Purchase Details

Closed on
Mar 27, 2015
Sold by
Triple D Construction Llc
Bought by
James J Doane Holding Llc

Purchase Details

Closed on
Nov 11, 2013
Sold by
Rain City Capital Llc
Bought by
Triple D Construction Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,331
Interest Rate
4.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 5, 2013
Sold by
Dyer Keith J
Bought by
Triple D Construction Llc and Rain City Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,331
Interest Rate
4.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 9, 2001
Sold by
Johnson Gail B
Bought by
Johnson Donald C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
7.54%

Purchase Details

Closed on
Oct 27, 1994
Sold by
Ramser Donald M
Bought by
Dunham Carrie L
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mullen Daniel Salter $585,000 Cw Title
James J Doane Holding Llc $229,719 Cw Title
Triple D Construction Llc -- Fatco
Triple D Construction Llc $184,501 Accommodation
Johnson Donald C -- Commonwealth Title Co
Dunham Carrie L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mullen Daniel Salter $438,750
Previous Owner Triple D Construction Llc $192,331
Previous Owner Johnson Donald C $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2021 08/23/21 Sold $585,000 +3.5% $346 / Sq Ft
07/21/2021 07/21/21 Pending -- -- --
07/15/2021 07/15/21 For Sale $565,000 -- $334 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,879 $629,800 $326,100 $303,700
2024 $6,879 $600,400 $338,200 $262,200
2023 $6,879 $573,400 $312,000 $261,400
2022 $6,382 $578,800 $312,000 $266,800
2021 $5,902 $421,500 $213,600 $207,900
2019 $4,162 $364,800 $181,400 $183,400
2018 $4,626 $314,300 $154,100 $160,200
2017 $3,843 $289,800 $127,700 $162,100
2016 $3,672 $218,100 $97,200 $120,900
2014 $3,587 $205,200 $90,600 $114,600
2013 $3,587 $194,900 $82,400 $112,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1808490

Northwest Multiple Listing Service (NWMLS)

APN: 022015-2104